Towle Value Fund
Name
As of 03/13/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.3%
1 yr return
17.3%
3 Yr Avg Return
5.7%
5 Yr Avg Return
0.9%
Net Assets
$93.6 M
Holdings in Top 10
29.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 50.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$5,000
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/13/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TDVFX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 0.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.42%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTowle Value Fund
-
Fund Family NameINVESTMENT MANAGERS SERIES TRUST
-
Inception DateOct 31, 2011
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Towle
Fund Description
TDVFX - Performance
Return Ranking - Trailing
| Period | TDVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -10.1% | 13.1% | 44.64% |
| 1 Yr | 17.3% | -1.5% | 69.5% | 41.84% |
| 3 Yr | 5.7%* | -3.0% | 31.6% | 95.41% |
| 5 Yr | 0.9%* | -5.2% | 41.6% | 94.61% |
| 10 Yr | 7.2%* | 2.4% | 29.9% | 84.62% |
* Annualized
Return Ranking - Calendar
| Period | TDVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 1.1% | -51.1% | 63.2% | 43.11% |
| 2024 | -19.1% | -39.7% | 22.5% | 98.98% |
| 2023 | 16.3% | -6.0% | 33.6% | 19.69% |
| 2022 | -9.1% | -33.6% | 212.9% | 13.09% |
| 2021 | 26.2% | -62.0% | 147.6% | 33.78% |
Total Return Ranking - Trailing
| Period | TDVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.3% | -10.1% | 13.1% | 44.64% |
| 1 Yr | 17.3% | -1.5% | 69.5% | 41.84% |
| 3 Yr | 5.7%* | -3.0% | 31.6% | 95.41% |
| 5 Yr | 0.9%* | -5.2% | 41.6% | 94.61% |
| 10 Yr | 7.2%* | 2.4% | 29.9% | 84.62% |
* Annualized
Total Return Ranking - Calendar
| Period | TDVFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 1.5% | -6.4% | 67.1% | 80.10% |
| 2024 | -9.0% | -9.0% | 26.1% | 100.00% |
| 2023 | 19.0% | 1.8% | 35.4% | 24.30% |
| 2022 | -2.2% | -25.2% | 250.0% | 10.21% |
| 2021 | 26.2% | -3.0% | 157.9% | 80.00% |
NAV & Total Return History
TDVFX - Holdings
Concentration Analysis
| TDVFX | Category Low | Category High | TDVFX % Rank | |
|---|---|---|---|---|
| Net Assets | 93.6 M | 6.48 M | 64.2 B | 82.40% |
| Number of Holdings | 43 | 10 | 1560 | 93.62% |
| Net Assets in Top 10 | 25.9 M | 328 K | 3.59 B | 78.06% |
| Weighting of Top 10 | 29.92% | 5.6% | 102.8% | 21.48% |
Top 10 Holdings
- Anywhere Real Estate, Inc. 4.25%
- Alpha Metallurgical Resources, Inc. 3.20%
- United Natural Foods, Inc. 3.00%
- Gold.com, Inc. 2.93%
- Magna International, Inc. 2.84%
- PBF Energy, Inc. - Class A 2.79%
- Leggett Platt, Inc. 2.77%
- Liberty Energy, Inc. 2.73%
- Cushman Wakefield Ltd. 2.72%
- BlueLinx Holdings, Inc. 2.69%
Asset Allocation
| Weighting | Return Low | Return High | TDVFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.13% | 0.00% | 103.27% | 40.31% |
| Cash | 1.31% | 0.00% | 30.93% | 57.14% |
| Preferred Stocks | 0.00% | 0.00% | 1.16% | 37.24% |
| Other | 0.00% | -1.03% | 22.63% | 54.85% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 35.49% |
| Bonds | 0.00% | 0.00% | 132.61% | 35.97% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TDVFX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 46.01% | 0.35% | 51.62% | 0.52% |
| Energy | 23.92% | 0.00% | 29.42% | 0.52% |
| Industrials | 14.80% | 0.65% | 48.61% | 68.85% |
| Technology | 7.91% | 0.00% | 27.23% | 60.21% |
| Consumer Defense | 3.77% | 0.00% | 13.22% | 52.62% |
| Financial Services | 3.59% | 0.00% | 35.05% | 98.43% |
| Utilities | 0.00% | 0.00% | 13.86% | 87.17% |
| Real Estate | 0.00% | 0.00% | 44.41% | 96.34% |
| Healthcare | 0.00% | 0.00% | 25.76% | 99.21% |
| Communication Services | 0.00% | 0.00% | 17.58% | 92.67% |
| Basic Materials | 0.00% | 0.00% | 67.30% | 98.95% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TDVFX % Rank | |
|---|---|---|---|---|
| US | 99.13% | 0.00% | 103.27% | 26.28% |
| Non US | 0.00% | 0.00% | 64.91% | 55.10% |
TDVFX - Expenses
Operational Fees
| TDVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.03% | 36.05% | 46.68% |
| Management Fee | 0.79% | 0.01% | 1.50% | 53.45% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.35% | 52.17% |
Sales Fees
| TDVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TDVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.50% | 2.00% | 16.67% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TDVFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 50.00% | 7.00% | 252.00% | 46.76% |
TDVFX - Distributions
Dividend Yield Analysis
| TDVFX | Category Low | Category High | TDVFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.08% | 0.00% | 14.14% | 45.66% |
Dividend Distribution Analysis
| TDVFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| TDVFX | Category Low | Category High | TDVFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.42% | -1.43% | 4.13% | 91.10% |
Capital Gain Distribution Analysis
| TDVFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 11, 2026 | $0.013 | OrdinaryDividend |
| Dec 05, 2025 | $0.074 | OrdinaryDividend |
| Dec 05, 2024 | $2.109 | OrdinaryDividend |
| Dec 05, 2024 | $0.073 | OrdinaryDividend |
| Dec 05, 2024 | $2.036 | CapitalGainLongTerm |
| Dec 05, 2023 | $0.143 | OrdinaryDividend |
| Dec 05, 2023 | $0.275 | CapitalGainLongTerm |
| Dec 06, 2022 | $1.356 | CapitalGainLongTerm |
| Dec 08, 2020 | $0.010 | OrdinaryDividend |
| Dec 05, 2019 | $0.132 | OrdinaryDividend |
| Dec 06, 2018 | $0.505 | CapitalGainShortTerm |
| Dec 06, 2018 | $0.803 | CapitalGainLongTerm |
| Dec 06, 2017 | $4.180 | CapitalGainLongTerm |
| Dec 06, 2017 | $0.047 | OrdinaryDividend |
| Dec 08, 2015 | $0.563 | CapitalGainLongTerm |
| Dec 05, 2014 | $0.495 | CapitalGainLongTerm |
| Dec 06, 2013 | $0.264 | CapitalGainShortTerm |
| Dec 06, 2013 | $0.447 | CapitalGainLongTerm |
| Dec 14, 2012 | $0.007 | OrdinaryDividend |
| Dec 14, 2012 | $0.008 | CapitalGainShortTerm |
TDVFX - Fund Manager Analysis
Managers
Christopher Towle
Start Date
Tenure
Tenure Rank
Oct 31, 2011
10.59
10.6%
Christopher D. Towle joined Towle & Co. and served as a member of the investment team since 1994 and has been instrumental in all aspects of the firm's growth and development. As in integral member of the investment team, he shares responsibility for the investment management process including portfolio management, trading, and research. Prior to 1994, he served as a General Manager of H. H. Brown Shoe Co., Inc., an operating subsidiary of Berkshire Hathaway, with full line responsibility for a division of the company. He started his professional career as a Senior Credit Analyst at Manufacturers Hanover Trust in New York City. Chris graduated from Williams College in Williamstown, MA with a B.A. in history in 1990 and received an MBA from Washington University in St. Louis in 1998.
Wesley Tibbetts
Start Date
Tenure
Tenure Rank
Oct 31, 2011
10.59
10.6%
Wesley R. Tibbetts, CFA, joined Towle & Co. in 2010 as a valued member of the investment team with broad duties across the portfolio management and research process. Previously, Wes was an analyst at Lehman Brothers under the Private Equity division and at Neuberger Berman within the NB Alternatives group. While at these organizations, he analyzed buyout, venture capital and distressed debt funds as a part of his group’s private equity fund of funds platform. In addition, Wes shared duties in the analysis, management and reporting of a listed private equity fund. Wes graduated summa cum laude with a BBA in Finance from the Cox School of Business at Southern Methodist University in 2008. He is a CFA charterholder.
Peter Lewis
Start Date
Tenure
Tenure Rank
Oct 31, 2011
10.59
10.6%
Mr. Peter J. Lewis, CFA, Director of Research, has been a member of the Towle team since 2001. Prior to Towle & Co, Mr. Lewis was President of Principle Research, Inc. From 1991 to 1998, Mr. Lewis was a Partner and department leader at Edward Jones & Co., where he developed a seven-person research team responsible for determining the suitability of all products sold by the company. Before 1991, Mr. Lewis worked as a Senior Credit Analyst for three years at the Bank of New York.
James Shields
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
James M. Shields, CFA, Portfolio Manager, joined Towle in 2013. Previously, Mr. Shields was a Manager at Deloitte Financial Advisory Services and an Analyst at Marshall & Stevens in the Business and Intangible Asset Valuation groups. While at these organizations, Mr. Shields managed a team of analysts, valued privately held companies, and valued intangible assets for multinational transactions. Mr. Shields graduated from the University of Missouri with a BBA in finance & banking/real estate and received an MBA from the University of Chicago Booth School of Business. He holds the distinction of Chartered Financial Analyst.
G. Barthelmess
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Luke joined Towle & Co. in June 2018 after serving the firm in a consulting role while completing his MBA. Prior to business school, Luke was an analyst at Kinderhook Partners, an employee-owned investment manager that invests globally in public and private companies. While at Kinderhook, he analyzed search funds, micro-cap and small-cap stocks, and leveraged control investments. Prior to joining Kinderhook, he played quarterback for the Stuttgart Scorpions in the German Football League. Luke graduated cum laude with BA degrees in mathematics & economics from Lawrence University and received an MBA from Columbia Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.37 | 3.58 |